NOT LISTED FOR SALE

Estimated Value: $491,000 - $762,000

3 Beds
1 Bath
696 Sq Ft
$847/Sq Ft Est. Value

Last Sold August 07, 2019

Last sale price $500,000 $718 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,136/month

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A

About This Home

As of August 2019

DRIVE BY ONLY. NO SIGN ON PROPERTY. Investor Opportunity Tri-Plex in the booming Garfield Neighborhood. ALL units have been remodeled and all units rented quickly. Half a block from the Welcome Diner, Gallo Blanco, and 7th street. Short walk to ASU, UofA, and The Arizona Center.

Last Agent to Sell the Property

Dennis Kolodin

Metro Realty License #BR535429000 Listed on: 07/25/2019

Last Buyer's Agent

Simon Bowen

Denali Real Estate, LLC License #BR685455000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $733

Year Built

  • Built in 1921

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 1 Open Parking Space
  • 3 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Garfield Elementary And Middle School
  • North High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Individual Controls for Heating
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 85
  • Assessor Parcel Number 116-27-049

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 6,875
  • Highland Add. Lots 93 102 Subdivision

Building Details

  • Operating Expense $6,983
  • Gross Income $38,237
  • Net Operating Income $33,225

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$733

Year Built

Built in 1921

Lot Details

6,882 Sq Ft Lot

Listing Details

  • Cross Street: 7th st and Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MM
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1921
  • Tax Year: 2018
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: HIGHLAND ADD. LOTS 93-102
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: >1 Space Per Unit, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Window/Wall Unit, Central A/C
  • Heating: Individual, Central, Window/Wall Unit(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Trash Expense: 300.0
  • Annual Water Sewer Expense: 900.0

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Garfield School

Lot Info

  • Lot Size: 6,875
  • Additional Parcels: No
  • Parcel #: 116-27-049

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 38237.4
  • Insurance Expense: 900.0
  • Property Net Operating Income: 33225.0
  • Annual Operating Expense: 6983.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 733.0
  • Tax Book Number: 116.00
  • Tax Lot: 85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2019
Closed on
Aug 5, 2019
Sold by
1026 E Pierce Llc
Bought by
Miller Teresa and Miller Raymond Todd
Seller's Agent
Dennis Kolodin
Metro Realty
Buyer's Agent
Simon Bowen
Denali Real Estate, LLC
List Price
$524,900
Sold Price
$500,000
Premium/Discount to List
-$24,900
-4.74%
Current Estimated Value
$589,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,556
Avg. Annual Appreciation
2.53%

Purchase Details

Listed on
Jan 29, 2018
Closed on
Jun 27, 2018
Sold by
88 Ventures Llc
Bought by
1026 E Pierce Llc
Seller's Agent
Dennis Kolodin
Metro Realty
Buyer's Agent
Dennis Kolodin
Metro Realty
List Price
$489,900
Sold Price
$424,900
Premium/Discount to List
-$65,000
-13.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.27%
Original Mortgage
$300,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 6, 2017
Closed on
Oct 25, 2017
Sold by
Roi Agent Llc
Bought by
88 Ventures Llc
Seller's Agent
Dennis Boboc
DeLex Realty
Buyer's Agent
Dennis Kolodin
Metro Realty
List Price
$259,900
Sold Price
$245,000
Premium/Discount to List
-$14,900
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
97.34%
Original Mortgage
$258,800
Interest Rate
3.78%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 2016
Sold by
18 Real Estate Holdings Llc
Bought by
Roi Agent Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 2014
Sold by
Wiin Llc
Bought by
Is Real Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2011
Sold by
Zazueta Alberot and Zazueta Ana
Bought by
Rize Real Estate Group Llc

Purchase Details

Closed on
Nov 2, 2011
Sold by
Rize Real Estate Group Llc
Bought by
Kastina Development Llc

Purchase Details

Closed on
Sep 20, 2006
Sold by
Feldman Feivel E
Bought by
Zazueta Alberto and Zazueta Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,040
Interest Rate
6.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2005
Sold by
Rgm Homes Llc
Bought by
Feldman Feivel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2004
Sold by
Catrone Industries Llc
Bought by
Rgm Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2004
Sold by
Gonzalez Jose De Jesus
Bought by
Catrone Industries Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 1995
Sold by
Bobby Andrew
Bought by
Gonzalez Jose Dejesus
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Miller Teresa $500,000 Landmark Ttl Assurance Agcy
1026 E Pierce Llc $425,000 Grand Canyon Title Agency
88 Ventures Llc $245,000 Grand Canyon Title Agency
Roi Agent Llc $205,000 Security Title Agency Inc
Is Real Estate Holdings Llc $104,000 Pioneer Title Agency Inc
Wiin Llc $83,000 Pioneer Title Agency Inc
Rize Real Estate Group Llc $39,700 None Available
Kastina Development Llc -- None Available
Zazueta Alberto $215,000 First American Title Ins Co
Feldman Feivel E $175,000 Camelback Title Agency Llc
Rgm Homes Llc $75,000 First American Title Ins Co
Catrone Industries Llc $67,500 First American Title Ins Co
Gonzalez Jose Dejesus $17,500 Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1026 E Pierce Llc $300,000
Previous Owner 88 Ventures Llc $258,800
Previous Owner Roi Agent Llc $190,000
Previous Owner Is Real Estate Holdings Llc $108,000
Previous Owner Zazueta Alberto $166,040
Previous Owner Feldman Feivel E $140,000
Previous Owner Catrone Industries Llc $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2019 08/07/19 Sold $500,000 -4.7% $718 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
07/25/2019 07/25/19 For Sale $524,900 +23.5% $754 / Sq Ft
08/17/2018 08/17/18 Sold $424,900 -13.3% $610 / Sq Ft View Prior Sale
06/30/2018 06/30/18 For Sale $489,900 0.0% $704 / Sq Ft
06/30/2018 06/30/18 Price Changed $489,900 0.0% $704 / Sq Ft
06/04/2018 06/04/18 Pending -- -- --
05/21/2018 05/21/18 Pending -- -- --
04/27/2018 04/27/18 Price Changed $489,900 -2.0% $704 / Sq Ft
03/28/2018 03/28/18 Price Changed $499,900 -2.9% $718 / Sq Ft
02/27/2018 02/27/18 Price Changed $514,900 -1.9% $740 / Sq Ft
02/07/2018 02/07/18 For Sale $524,900 0.0% $754 / Sq Ft
01/30/2018 01/30/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $524,900 +114.2% $754 / Sq Ft
10/26/2017 10/26/17 Sold $245,000 -5.7% $352 / Sq Ft View Prior Sale
09/29/2017 09/29/17 Pending -- -- --
09/22/2017 09/22/17 For Sale $259,900 +6.1% $373 / Sq Ft
09/07/2017 09/07/17 Off Market $245,000 -- --
09/06/2017 09/06/17 For Sale $259,900 -- $373 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $828 $5,828 -- --
2024 $772 $5,550 -- --
2023 $772 $33,210 $6,640 $26,570
2022 $744 $26,430 $5,280 $21,150
2021 $739 $23,470 $4,690 $18,780
2020 $747 $21,570 $4,310 $17,260
2019 $746 $14,360 $2,870 $11,490
2018 $733 $10,650 $2,130 $8,520
2017 $716 $8,470 $1,690 $6,780
2016 $696 $7,170 $1,430 $5,740
2015 $644 $5,870 $1,170 $4,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5956554

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-27-049

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